Clear Secure, Inc. (NYSE:YOU) Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,670 shares of the company's stock after acquiring an additional 175,021 shares during the period. Clear Secure accounts for 2.5% of Rice Hall James & Associates LLC's holdings, making the stock its 6th biggest holding. Rice Hall James & Associates LLC owned about 0.99% of Clear Secure worth $45,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Hsbc Holdings PLC lifted its stake in Clear Secure by 0.5% in the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company's stock worth $1,467,000 after acquiring an additional 409 shares during the period. Truist Financial Corp lifted its position in shares of Clear Secure by 2.0% in the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company's stock worth $544,000 after purchasing an additional 582 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Clear Secure by 6.1% during the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company's stock valued at $222,000 after purchasing an additional 681 shares in the last quarter. Brown Lisle Cummings Inc. increased its holdings in Clear Secure by 11.4% during the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company's stock valued at $165,000 after buying an additional 900 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Clear Secure by 5.3% in the second quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company's stock worth $374,000 after buying an additional 1,000 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now owns 10,211 shares in the company, valued at approximately $255,581.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Kenneth L. Cornick sold 79,935 shares of Clear Secure stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the sale, the chief accounting officer now owns 10,211 shares of the company's stock, valued at approximately $255,581.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,173,935 shares of company stock worth $36,826,532. 37.85% of the stock is owned by company insiders.

Clear Secure Price Performance

NYSE:YOU traded up $0.06 during trading hours on Friday, hitting $36.84. 2,311,419 shares of the company were exchanged, compared to its average volume of 1,686,016. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.04. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 47.23 and a beta of 1.65. The company's 50 day moving average price is $32.71 and its 200-day moving average price is $24.25.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. During the same period in the previous year, the company earned $0.05 earnings per share. The business's quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities analysts predict that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's dividend payout ratio is currently 51.28%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday. Stifel Nicolaus lifted their target price on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Finally, Telsey Advisory Group lifted their price target on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.83.

Clear Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.